The global POS terminals market was valued at around US$ 0.6 Bn in 2016, and is expected to register a CAGR of 9.1%. The report offers in-depth insights, revenue details, and other vital information regarding the global POS terminals market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global POS terminals market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global POS terminals market is segmented on the basis of type, application, and region/country.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Point of sale or POS terminal is a hardware system used for processing card payments and retail and other locations. These terminals process payments of debit/credit cards by reading the magnetic strip on cards to check for sufficient funds to transfer to the merchant. POS terminals also record and generates a payment receipt for the transactions.

Global POS Terminals Market Dynamics:

Major factor driving growth of the global POS terminal market is increasing use of EuroPay, MasterCard, and Visa (EMV) cards among consumers as a cashless and e-commerce transaction option in both developed and developing countries across the globe. In addition, POS terminals reduce paperwork as these units can generate accurate reports and store large volumes of data about stock and customers/consumers in real time and electronically is another factor expected to support growth of the market. Moreover, POS devices help to access updates of sales and purchase records on hourly, weekly, and monthly basis this factor is expected to support growth of the global POS terminal market.

Furthermore, POS terminals help to improve Customer Relationship Management (CRM) as they enable easy access to data and help to track records of single or multiple customers, thereby making returns or exchanges of products timely and efficiently, this is expected to support growth of the global POS terminals market over the forecast period.

Technological advancements and increasing R&D activities by major players, development of preinstalled security system (software) in POS to prevent data breach and theft effectively can create high potential revenue opportunities for players in the target market over the forecast period.

Market analysis by type:

On the basis of type segmentation, fixed POS terminals segment is expected to contribute major revenue share and expected to maintain its dominance over the forecast period. The fixed POS Terminals segment is expected to witness highest CAGR over 8.8%, owing to increasing awareness regarding benefits of using POS terminals for transactions in hotels, banks, retail shops, supermarkets/hypermarkets, medical shops, malls, hospitals, etc.

Market analysis by application:

On the basis of application segmentation, financial institutions segment is estimated to contribute major revenue share and expected to maintain its dominance over the forecast period. The financial institutions segment witness highest CAGR over 9.2%, owing to POS Terminals are not only used by merchants but also by banks. Currently, banks are providing facility to withdraw cash from POS terminals in order to enhance their customer services. For instance, Karnataka Bank Ltd., which is a state bank in India, has introduced Cash@PoS facility through its network of 13,100-plus POS terminals installed at various merchant establishments throughout the country which allows customers to withdraw centers through Cash@PoS. This facility is available for Karnataka Bank and other banks’ debit/prepaid cardholders, subject to respective banks enabling the Cash@PoS facility for their cardholders.

Analysis by Region/Country:

The market in China accounted for revenue share in the global POS terminals market in 2016, registering a CAGR of 9.5% over the forecast period (2017–2026). This can be attributed to, growing government approach with help of banks towards fostering non-cash payment mode and deployment of POS terminals in rural areas in order to improve rural payment services are factors expected to drive growth of the market in the country.

Government initiatives towards digitalization and payments via digital mode through various applications such as Alipay and WeChat, and mobile wallet is expected to challenge growth of the POS terminals market in the country. According to, China Internet Network Information Center (CNNIC), a government agency, reports that China currently has 502 million unique mobile payment users. Alipay and WeChat Pay have also become unique tools for merchant payments. Alipay and WeChat Pay have built 600,000 and 300,000-strong merchant networks respectively in China.

The market in India accounted for lucrative revenue share in the global POS terminals market in 2016, registering a CAGR of 9.9% over the forecast period (2017–2026). This can be attributed to adoption of Indian government to demonetization policy in order to begin the shift towards a cashless economy. This has resulted in increasing use of credit and debit cards for financial transactions. Various incentives offered by banks on card payments such as discounts on fuel purchase, cashback offers, free insurance, etc. in order to promote use of debit and credit cards is expected to increase adoption of POS terminals among merchant and service providers.

The market in Europe accounted for moderate revenue share in the global POS terminals market in 2016, registering a CAGR of 9.0% over the forecast period (2017–2026). This can be attributed to growing adoption of cashless transaction policies by governments of various countries in Europe resulting into increasing use of EMV cards among individual as a safe mode for transactions. In addition, growing e-commerce market resulting in increasing adoption of mPOS, terminals among vendors for easy mode of payment are among other major factors driving growth of the POS terminals market in this region. According to the European Central Bank (ECB), 95.7% of all domestic POS payments on cards in Europe were EMV (Euro pay, MasterCard, and Visa) transactions.

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